Arkansas life and health practice exam

1. How many CE hours must an Arkansas producer complete in each two-year license renewal cycle?

1. 12 hours, including 1 hour of ethics
2. 24 hours, including 3 hours of ethics
3. 24 hours, with no ethics requirement
4. 30 hours, including 3 hours of ethics

2. An Arkansas producer earns more CE hours than required during a biennial period. The excess hours:

1. Are lost at the end of the period
2. May be carried forward to any later period
3. May be carried forward only to the next biennial period
4. Count toward the next three periods

3. An Arkansas producer license is renewed:

1. Every year on January 1
2. Every three years on the license issue date
3. Every two years on June 30
4. Every two years on the licensee's birth date

4. Arkansas prelicensing education for the Life line of authority requires at least:

1. 20 hours of instruction
2. 10 hours of instruction
3. 40 hours of instruction
4. No prelicensing education

5. Arkansas prelicensing education for the Accident and Health line must include how many hours on long-term care?

1. None
2. 4 hours
3. 1 hour
4. 2 hours

6. An Arkansas licensee who changes address must notify the Insurance Commissioner within:

1. 10 days of the change
2. 30 days of the change
3. 60 days of the change
4. At the next license renewal

7. An Arkansas producer must report an administrative action taken against them in another jurisdiction within:

1. 30 days after the final disposition of the matter
2. 10 days after the action is filed
3. 60 days after the final disposition of the matter
4. At the next license renewal

8. An Arkansas producer facing a criminal prosecution must report it to the Commissioner within 30 days after:

1. Being arrested
2. Being sentenced
3. Entering a plea with the court
4. The case is dismissed

9. An Arkansas producer who failed to pay the renewal fee may reinstate the same license without an exam within 12 months after the fee was due by paying:

1. The renewal fee only
2. A flat $50 late fee
3. Triple the unpaid renewal fee
4. Double the unpaid renewal fee

10. For a willful violation, the Arkansas Commissioner may impose an administrative penalty on a licensee of up to:

1. $1,000 per violation
2. $5,000 per violation
3. $10,000 per violation
4. $25,000 per violation

11. Before selling annuities in Arkansas, a producer must complete a one-time annuity training course of:

1. 1 credit
2. 8 credits
3. 4 credits
4. 16 credits

1. Arkansas producers who sell long-term care insurance must complete one-time training of at least 8 hours, then ongoing training of at least:

1. 2 hours every year
2. 8 hours every 24 months
3. 4 hours every 12 months
4. 4 hours every 24 months

2. In Arkansas, the Medicare supplement open enrollment period lasts:

1. 3 months
2. 12 months
3. 6 months
4. Indefinitely after age 65

3. An Arkansas Medicare supplement policy may not exclude losses because of a preexisting condition if they are incurred more than how long after the effective date?

1. 3 months
2. 6 months
3. 12 months
4. 24 months

1. Under Arkansas rules, a life insurance Buyer's Guide may be delivered with the policy, instead of before the first premium is accepted, if the policy has an unconditional refund provision of at least:

1. 30 days
2. 20 days
3. 5 days
4. 10 days

1. The Arkansas Life and Health Insurance Guaranty Association covers life insurance death benefits up to:

1. $300,000
2. $100,000
3. $250,000
4. $500,000

2. The Arkansas Life and Health Insurance Guaranty Association covers health benefit plan benefits up to:

1. $100,000
2. $300,000
3. $500,000
4. $1,000,000